Banks must report to the government all trans transactions by their customers that are for more than $10,000.

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This is a requirement under the Bank Secrecy Act (BSA) in the United States. Banks must file a Currency Transaction Report (CTR) with the Financial Crimes Enforcement Network (FinCEN) for any cash transactions over $10,000, as well as suspicious transactions regardless of the amount. The purpose of this requirement is to identify and prevent money laundering and other financial crimes.

Banks Must Report to the Government All Trans Transactions by Their